EVN secures credit for Lai Chau hydropower plant
Electricity of Vietnam Group (EVN) has secured a credit agreement with Vietnam Development Bank for handling the resettlement of local people who gave land to the Lai Chau hydropower plant.
 |
| Lai Chau hydropower plant - illustration photo |
The VND4.6 trillion credit, signed in Hanoi on May 19, will also be used for the manufacture of machinery in service of the Lai Chau power plant, which is located in the northern province of the same name.
Construction of the Lai Chau hydropower plant, estimated to cost VND37.5 trillion, started in January this year.
Once completed in 2017 as planned, it will have three turbines with a total capacity of 1,200 MW.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Hung Yen focused on attracting high-tech FDI (November 26, 2024 | 13:20)
- Foreign investors flock to invest in southern provinces and cities (November 26, 2024 | 10:00)
- Trump may mean challenges for Vietnam but FDI remains strong (November 26, 2024 | 08:30)
- HCM City set to welcome fresh wave of US investment (November 26, 2024 | 08:00)
- Dynamic M&A landscape felt in food and beverages (November 25, 2024 | 16:21)
- River lights up Danang growth goals (November 25, 2024 | 10:00)
- Concerted efforts improve Ca Mau’s development status (November 25, 2024 | 09:14)
- Citi: Vietnam and India may benefit most from supply chain shifts (November 22, 2024 | 15:54)
- Foreign investors flocking to southern region (November 21, 2024 | 17:33)
- Ninh Thuan charms industrial development investors (November 21, 2024 | 12:21)
Mobile Version